#1ΤΑΤΑ TATA CHEMICALS Investors Communication Quarter Ended March 2023 Year Ended FY23 OXOXX OXO XOXX ОХО ХОХ ХОХ Chemistry of Resilience#2Safe Harbour Statement ΤΑΤΑ TATA CHEMICALS "This Presentation, except for the historical information, may contain statements, including the words or phrases such as 'expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should' and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise of Tata Chemicals Limited, its direct and indirect subsidiaries and its associates. Actual results might differ substantially or materially from those expressed or implied. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand / supply, price conditions in the domestic and overseas markets in which the Company operates, changes in Government policies and regulations, tax laws, and other statutes and incidental factors. You are urged to view all statements contained herein with caution. Tata Chemicals Limited does not undertake any obligation to update or revise forward look statements, whether as a result of new information, future events or otherwise" 2#3Financial Highlights Quarter Ended March 2023 Year Ended FY23#4ΤΑΤΑ TATA CHEMICALS Performance Highlights: Consolidated Q4 FY23 Revenue ↑ 27% 4,407 Cr (CY) vs 3,481 Cr (PY) EBITDA ↑ 47% 965 Cr (CY) vs. 657 Cr (PY) PBT ↑ 34% 686 Cr (CY) vs 513 Cr (PY) PAT ↑ 48% 694 Cr (CY) vs 470 Cr (PY) Gross Debt * 7,024 Cr (Mar 22) 12M FY23 Revenue ↑ 33% 16,789 Cr (CY) vs 12,622 Cr (PY) EBITDA ↑ 66% 3,822 Cr (CY) vs. 2,305 Cr (PY) PBT ↑ 64% *2,740 Cr (CY) vs 1,667 Cr (PY) PAT ↑ 75% 2,452 Cr (CY) vs 1,400 Cr (PY) 728 6,296 Cr (Mar 23) Higher revenue on account of better realizations and stable demand EBITDA growth driven by higher realizations in all geographies Proposed Dividend of Rs. 17.5 per share (subject to approval of shareholders at AGM) Gross debt lower due to prepayment of debt US$ 155 Mn in overseas units during the year (Rs 1,247 Cr) Gross debt down from US $ 930 Mn to US $ 770 Mn ➤ Gross and Net debt include a forex revaluation impact of Net Debt * 4,232 Cr (Mar 22) 334 3,898 Cr (Mar 23) Rs 458 Cr 4#5Financial Snapshot for the Quarter Ended March 23 Revenue 4,407 4,148 3,481 Consolidated | Crore EBITDA Profit Before Tax Profit After Tax 922 965 657 686 513 534 Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 Revenue up by 926 Crore (127%) Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 EBITDA up by 308 Crore (147%) Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 PBT up by 173 Crore (134%) Revenue 1,302 1,218 1,115 470 ΤΑΤΑ TATA CHEMICALS 694 432 Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 PAT up by 224 Crore (148%) Standalone | * Crore EBITDA Profit Before Tax Profit After Tax 316 269 276 284 244 249 259 213 190 Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 Revenue up by 187 Crore (↑17%) Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 EBITDA down by 17 Crore (↓6%) Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 PBT down by *67 Crore (21%) Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 PAT down by 56 Crore (21%)* Note: Change is vs PY quarter PBT & PAT includes continuing operations, after share in JV & associates & before Non-Controlling Interest *Q4FY22 profit was higher due to tax refund of ~Rs. 60 cr.#6Financial Snapshot for the Year Ended March 23 Revenue 16,789 Consolidated | * Crore EBITDA Profit Before Tax Profit After Tax ΤΑΤΑ TATA CHEMICALS 12,622 3,822 2,740 2,305 2,452 1,667 FY22 FY23 FY22 FY23 Revenue up by 4,167 Crore (↑33%) EBITDA up by 1,517 Crore (166%) FY22 FY23 PBT up by 1,073 Crore (64%) 1,400 FY22 PAT up by 1,052 Crore (175%) FY23 3,721 FY22 Revenue 4,930 FY23 Standalone | * Crore EBITDA Profit Before Tax Profit After Tax 1,235 1,265 951 988 1,027 787 FY22 FY23 FY22 FY23 FY22 FY23 EBITDA up by 284 Crore (130%) PBT up by * 277 Crore (128%) PAT up by *240 Crore (130%) Revenue up by 1,209 Crore (132%) Note: PBT & PAT includes Continuing operations, after Share in JV & associates & before NCI 6#7Sales Volumes | Key Products Soda Ash | In Kts India US Domestic US - Export UK Kenya - 936 898 897 3,665 3,538 Sodium Bicarbonate | in Kts India UK Salt | in Kts India UK ΤΑΤΑ TATA CHEMICALS 59 61 53 56 231 225 416 408 415 1,609 1,629 75 77 69 63 318 289 70 63 60 277 256 91 23 24 30 111 105 323 313 371 1,313 1,249 292 297 237 1,079 1,098 33 29 31 120 120 176 156 166 678 646 75 75 75 75 358 323 333 340 325 1,251 1,306 Mar-22 Dec-22 Mar-23 Mar-22 Mar-23 Mar-22 Dec-22 Mar-23 Mar-22 Mar-23 Mar-22 Dec-22 Mar-23 Mar-22 Mar-23 QTR 12M QTR 12M QTR 12M#8Unit wise Profit & Loss Statement of Profit and Loss for the quarter ended March 23 ΤΑΤΑ TATA CHEMICALS Units Consolidated TCL India US UK Kenya Rallis Q4 Rs Cr Q3 Q4 FY22 FY23 FY23 Var Revenues 3,481 4,148 4,407 926 Q4 Q3 Q4 FY22 FY23 FY23 1,115 1,218 1,302 Var Q4 Q3 Q4 FY22 FY23 FY23 Var 187 EBITDA 657 922 965 308 276 284 259 (17) 1,092 1,323 1,650 558 275 326 457 182 Q4 Q3 Q4 FY22 FY23 FY23 576 739 707 Var 131 Q4 Q3 Q4 FY22 FY23 FY23 171 241 208 Q4 Q3 Q4 Var Var FY22 FY23 FY23 37 508 630 523 15 41 150 225 184 60 124 91 31 (0) 53 (65) (65) Share of JV income 24 (91) 13 (11) PBT (after JV share) 513 534 686 173 316 244 249 (67) 171 189 313 142 (12) 87 147 159 51 118 86 35 (16) 30 (88) (72) PAT (before NCI) 470 432 694 224 269 190 213 (56) 174 160 290 116 (12) 87 200 212 51 107 78 27 (14) 23 (69) (55) PAT (after NCI) 463 398 711 248 Statement of Profit and Loss for the year ended March 23 Units Consolidated Cr PY CY Var PY TCL India CY US UK Kenya Rallis Var PY CY Var PY CY Var PY CY Var PY CY Var Revenues 12,622 16,789 4,167 3,721 4,930 1,209 3,688 5,271 1,583 1,949 2,629 680 577 945 368 2,602 2,967 365 EBITDA 2,305 3,822 1,517 951 1,235 284 787 1,269 482 118 615 497 143 468 325 276 219 (57) Share of JV income 226 (2) (228) - - - - - - - PBT (after JV share) 1,667 2,740 1,073 988 1,265 277 338 750 412 (85) 382 467 94 439 345 222 128 (94) PAT (before NCI) 1,400 2,452 1,052 787 1,027 240 336 673 337 (85) 435 520 94 450 356 164 92 (72) PAT (after NCI) 1,253 2,335 1,082 1. Consolidated financials is after adjusting SPV & other adjustments 2.Rallis financials represent 100% share. Consolidated numbers is after adjustment of Rallis India's NCI. Notes: Above financials are for Continuing Operations; NCI : Non-controlling Interest : Change is vs PY quarter 8#9Balance Sheet as on March 23 ΤΑΤΑ TATA CHEMICALS Consolidated Standalone Rs Cr 31-Mar-22 31-Mar-23 31-Mar-22 31-Mar-23 Non Current Assets Inventories Investments Trade Receivables Cash and Cash Equivalent Others Current Assets Total Assets 25,098 26,920 14,170 14,906 2,294 2,532 880 1,203 1,325 1,270 1,113 1,049 1,933 2,627 182 201 1,311 665 493 85 1,882 1,070 179 444 33,843 35,084 17,017 17,888 Equity & Reserves 18,253 19,721 15,342 15,992 Non Controlling Interests 904 921 Non-Current Liabilities 3,730 3,861 544 543 Borrowings (Non-Current) / Lease Liabilities 3,860 5,677 Borrowings (Current)/ Lease Liabilities 3,164 619 3 Trade Payables 2,445 2,597 560 698 Others Current Liabilities 1,487 1,688 568 655 Total Equities and Liabilities 33,843 35,084 17,017 17,888 9#10PAT & Margin EBITDA & Margin Revenue Historical Financial Trends Consolidated | Crore 4,239 4,407 3,995 4,148 3,481 2,977 3,023 3,141 Standalone | Crore 1,302 1,115 1,225 1,185 1,218 931 828 847 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 25% 29% 32% 22% 22% 22% 26% 25% 25% 20% 23% 23% 19% 20% 17% 17% 1,015 920 922 965 398 601 657 501 546 239 244 276 294 284 259 192 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 28% 31% 16% 16% 16% 24% 14% 21% 11% 16% 17% 16% 16% 11% 10% 8% 641 685 694 381 470 342 432 340 228 269 243 248 135 155 190 213 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 10 ΤΑΤΑ TATA CHEMICALS#11Expansion Plan on track Expansion - Ongoing Products Capacity (Lacs MT) H1 FY23 H2 FY23 Expansion Soda Ash 2.3 Bicarb 0.7 Salt 3.3 Current Status Till March 23 *2,100 Cr spent / committed 0.45 3.30 H1 FY24 H2 FY24 0.70 + Target Completion by Mar 24 Expansion Planned ΤΑΤΑ TATA CHEMICALS Incremental Capacity Products (beyond Ongoing Expansion) 1.85 Soda Ash ~30% Project Cost To be spent * 800 Cr ~ 2,900 Cr Bicarb ~40% Silica 5x ~ Rs 2,000 Cr FY 24 - FY 27 11#12Strategic Priorities TCL • Deliver consistent market and customer delivery performance through customer engagement ⚫ Deliver capacity expansions on schedule - Soda Ash, Bicarb & Salt expansion on stream by FY23 & FY24 Continue focus on cost management • • Rallis • Extend Portfolio offerings: New product introductions, plug portfolio gaps Strengthen Manufacturing: Invest in manufacturing and registrations • Maximize plant output & ensure customer demand is fully met US • Generate cash and repay debt UK Kenya • • Maximize volumes and ensure operating performance is in line with market dynamics Operational efficiencies and cost structure rationalization • • Manage energy cost pressures Sustain volume delivery to customers Continuous cost focus • Generate cash Grow the core ΤΑΤΑ TATA CHEMICALS Focus on cost across geographies Generate cash and deleverage 12#13Sustainability Safety Quiz 2.0 & 3.0 Priorities ESG initiatives ESG Focus Sustainable & Ethical Impacts • Focus Areas & Projects ΤΑΤΑ TATA CHEMICALS External materiality study completed ESG Action Report under preparation. To be published with integrated report. • Climate Change Biomass feasibility study underway Absolute carbon emission reduction • Energy Efficiency projects under implementation • Circular Economy Biodiversity Water Neutrality, zero solid waste and recycle Preserve Natural Capital, conservation & restoration of biodiversity • Transition to renewable Hybrid Power being planned Water harvesting and conservation projects on track Plastic waste recycling on track as per Extended Producer Responsibility (EPR) compliance Coral reef restoration Biodiversity reserve plantation Whale shark conservation Employee Safety and Health PPE exhibition & description National Safety Week Celebrations Fire Drill - Mombassa 13#14Awards and Recognitions AWARDS 2021-22 ING INTEGRAT D EPORTIN T' Ch RS CIT INDUSTRIAL INNOVATION AWARDS Recognizing Champions of Indian Innovation ΤΑΤΑ TATA CHEMICALS Tata Chemicals wins Silver Award at ICAI Sustainability Reporting Awards 2021-22 CII India's Top 50 Innovative Company Award and Top Innovative Company (Large) in Manufacturing (category winner) 14#15Tata Chemicals - Background Annexure#16Journey So far Till FY18 Divestment of Urea and Phosphate Fertiliser Business Footprint across 4 Continents FY20 Completed Demerger of Consumer Products Business Employing ~5,000 people FY21 Onwards Focused Chemistry Solutions Company ΤΑΤΑ TATA CHEMICALS With 13 units Manufacturing 3 Supported by 3 R&D centers with 200+ Scientists 16#17Our Facilities | India Operations Major Products Installed Capacity * Location India Soda ash, Bicarb, Salt, Marine chemicals and Cement Soda Ash: 1,091,000 MTPA Bicarb: 150,000 MTPA Salt: 1,600,000 MTPA Gujarat India Prebiotics Specialty silica Prebiotic: 5,000 MTPA Specialty silica:10,000 MTPA Andhra Pradesh and Tamil Nadu *Includes capex investments underway 1 TCL holds 50.06% Stake in Rallis India Limited ΤΑΤΑ TATA CHEMICALS Rallis India Limited¹ Crop Care, Crop Protection and Seeds (herbicides, fungicides and insecticides, etc) Lote Maharashtra and Gujarat Akola Ankleshwar Dahej 17#18Our Facilities | International Operations US Major Products Soda Ash Installed Capacity* 2,540,000 MTPA Location Wyoming, US *Includes capex investments underway UK Soda Ash, Bicarb, Salt Kenya Soda Ash Soda Ash: 400,000 MTPA Bicarb: 130,000 MTPA Salt: 430,000 MTPA Lostock & Winnington, Middlewich, UK 350,000 MTPA Magadi, Kenya ΤΑΤΑ TATA CHEMICALS 18#19Rallis India R&D TCL Innovation Centre Our Facilities | R&D Facilities 8 TATA TAY'S ORMICALS LIMP • 200+ Technically skilled Scientists in R&D • 3 State-of-the-art innovation Centers • Intellectual property | 186 patents held; 122 active applications 19 ΤΑΤΑ TATA CHEMICALS#20UK | In Kts India | In Kts Soda Ash Sales Volume Trends Domestic Domestic Exports 184 167 178 176 156 169 154 156 166 US | In Kts 617 568 578 586 615 610 608 568 561 309 317 353 320 323 276 289 313 371 259 261 264 266 292 292 272 297 237 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY21 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23 FY21 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23 67 68 89 Domestic 68 71 70 65 99 69 69 80 63 60 60 Q4 Q1 Q2 Q3 Q4 Q1 FY21 FY22 FY22 FY22 FY22 FY23 Q2 Q3 FY23 Q4 FY23 FY23 Kenya | In Kts Domestic* Exports 86 83 83 73 75 73 68 69 69 63 63 64 71 48 58 76 55 663 58 51 13 22 25 12 17 10 12 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY21 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23 * includes Africa 20 ΤΑΤΑ TATA CHEMICALS#21Thank You Sriram Srinivasan For any queries please contact below: [email protected] Damini Jhunjhunwala [email protected] Gavin Desa [email protected] Suraj Digawalekar [email protected] XOX Chemistry of Resilience